All Forum Posts by: Account Closed
Account Closed has started 21 posts and replied 1305 times.
Post: Washer Dryer and rent value
Account ClosedPosted
- Investor
- Baltimore, MD
- Posts 1,368
- Votes 688
Zero. And i wouldnt do it...just another hassle you will have to deal with when it breaks, someone breaks it/into it, on top of the increased water/electric use you're paying for.
Post: Question about a Financial Lender
Account ClosedPosted
- Investor
- Baltimore, MD
- Posts 1,368
- Votes 688
Professional, reliable and greedy. They attempted to charge me a payoff request fee. Aka squeeze more money out of me in addition to the interest points etc
Post: hubzu.com have anyone heard of this site?
Account ClosedPosted
- Investor
- Baltimore, MD
- Posts 1,368
- Votes 688
Its a legit online auction site. Many banks use it.
Post: Belair Edison Neighborhood in Baltimore
Account ClosedPosted
- Investor
- Baltimore, MD
- Posts 1,368
- Votes 688
What is everyone not reading here?
Shes using a conventional loan, ...house needs to be done. A done house (needs little to nothing to pass a u and o) in this area runs around 100k (her comps are accurate) and more location dependent than anything. Flip quality done= 125+
Whats it worth to not have to mess around with lost time, contractors, city inspections, is there a value to this??? Of course.
P.s. I have a duplex on mayfield that is rented for around 2k a month. 2x 2 bed 1 ba.....with CAC!!! How much should i sell that for, I might be looking to move it.
Post: Tenant wants extension - you will not believe the reason
Account ClosedPosted
- Investor
- Baltimore, MD
- Posts 1,368
- Votes 688
Business, not personal. Not your problem.
Post: Are these good Baltimore neighborhoods?
Account ClosedPosted
- Investor
- Baltimore, MD
- Posts 1,368
- Votes 688
Baltimore is broke. Its clear as day. Joblessness does here what it does to Detroit. Until that changes, nothing changes.
Post: Are these good Baltimore neighborhoods?
Account ClosedPosted
- Investor
- Baltimore, MD
- Posts 1,368
- Votes 688
Good areas in baltimore??? Let me help out. Two baltimores exist, one is what you might call "good"...aka roland park, hampden, remington, federal hill, and a few other places. Cops are responsive, businesses flourish/ fight for space, as do residents. Maybe 25 percent of the city is this. The other 75 percent are versions of bad. Some are less bad and some are more bad. Drugs are everywhere, police are powerless. Board ups or not, they can happen at anytime. The areas you mentioned are bad. Better or worse is relative, but worse areas definitely exist.
Post: 18-years-old and determined, but where to start?
Account ClosedPosted
- Investor
- Baltimore, MD
- Posts 1,368
- Votes 688
Concentrate on girls for the next 7-8 years while they still look good and want to party....then worry about work.
Post: My biggest fear is Vacancy- Baltimore (Halethorpe) Deal Analysis
Account ClosedPosted
- Investor
- Baltimore, MD
- Posts 1,368
- Votes 688
Vacant a month here, a month there...but not more than a month. Keep in mind, this city is all renters. They once owned using subprime loans, but now largely don't have a chance in hell.
Your rental will not be vacant if the following is satisfied;
1. It is a quality, livable home.
2. It does not have something that says don't rent me. These are things like..walls falling apart, zero parking, tiny kitchen, etc...neighborhood comparably of course.
3. It is priced both affordably and comparably.
Your fears should revolve around is the house going to make money given what is required to rent. If the previous is satisfied, vacancy is a non-issue.
Post: Voucher Rental Placement Company
Account ClosedPosted
- Investor
- Baltimore, MD
- Posts 1,368
- Votes 688
Erick Garske
If your properties lend themselves to section 8 tenants ( minimal repairs, rentable area), Ill be happy to help you place. Ive been a city landlord of around 40 units for multiple years, i manage and place through my company, and have a mix of vouchers and market tenants. Send me a message if u want to chat.